Hersha hospitality trust (HT)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenue:
Hotel Operating Revenues:
Hotel Operating Revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

478,087

482,060

481,431

-

460,071

448,510

432,997

417,226

396,376

373,700

352,739

338,064

306,283

295,134

299,393

299,005

261,042

261,993

244,877

229,156

274,847

269,247

0

0

0

Interest Income from Development Loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

158

554

1,017

1,523

1,998

2,219

2,412

2,957

3,427

3,859

4,379

0

0

0

Other Revenues

341

292

1,250

1,321

1,411

1,385

333

265

1,175

1,097

1,163

1,176

282

259

241

176

112

113

112

135

171

180

54

84

19

191

334

304

355

212

282

319

352

330

291

315

0

0

0

Total Revenues

505,304

529,960

530,997

523,878

510,217

495,063

484,001

485,714

489,878

498,237

487,020

478,038

467,757

466,629

478,328

482,236

481,543

470,385

460,183

448,645

433,168

417,406

396,430

373,784

352,770

338,413

307,171

296,455

301,271

301,215

263,543

264,724

248,186

232,913

278,997

273,941

0

0

0

Operating Expenses:
Hotel Operating Expenses:
Hotel Operating Expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

264,848

264,442

262,676

-

248,814

243,089

235,903

227,324

217,252

206,902

197,031

188,431

165,541

158,755

161,808

161,982

142,972

141,135

130,449

121,402

148,572

146,415

0

0

0

Insurance Recoveries

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,604

4,602

4,602

2,045

403

0

0

0

-

-

-

-

-

-

-

-

-

-

Hotel Ground Rent

4,534

4,581

4,075

4,175

4,410

4,228

4,472

4,036

3,581

3,460

3,517

3,516

3,514

3,600

3,590

3,467

3,302

3,137

2,941

2,883

2,751

2,433

1,961

1,496

1,167

985

952

921

869

835

806

774

815

877

949

1,121

0

0

0

Real Estate and Personal Property Taxes and Property Insurance

39,146

38,601

38,952

37,167

36,299

35,194

33,540

33,027

32,966

32,300

31,858

30,746

30,627

32,157

33,339

35,131

35,404

34,518

33,913

32,848

31,806

30,342

28,349

26,646

25,073

24,083

21,880

20,564

20,047

19,341

16,907

16,673

16,443

15,936

18,957

18,861

0

0

0

General and Administrative (including Share Based Payments of $2,456 and $1,958 for the three months ended March 31, 2020 and 2019, respectively)

26,665

26,431

27,677

27,905

27,390

26,881

25,928

25,006

24,019

23,553

23,331

23,812

23,669

24,444

23,204

22,600

21,568

20,515

20,619

21,493

20,808

20,363

22,081

21,668

22,621

23,869

24,262

23,710

23,359

23,377

25,712

24,983

21,759

18,488

9,957

7,899

0

0

0

Stock Based Compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

Acquisition and Terminated Transaction Costs

-

-

0

0

-

-

0

0

-

2,203

2,948

2,821

1,752

2,560

2,398

2,374

2,509

1,119

782

974

2,456

2,472

2,315

2,004

1,105

974

814

873

224

1,179

1,639

1,700

2,877

2,734

3,476

3,550

0

0

0

Loss on Impairment of Assets

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from Impairment of Assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Depreciation and Amortization

96,589

96,529

95,651

94,323

92,420

89,831

88,882

87,776

85,829

83,752

79,365

76,411

74,792

75,390

76,254

76,364

76,197

74,390

72,197

71,948

71,077

69,167

66,993

63,000

59,429

55,784

49,546

47,462

47,500

48,243

42,818

43,169

41,857

40,562

48,978

48,820

0

0

0

(Gains from) Property Losses in Excess of Insurance Recoveries

-

-

0

0

-

-

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

Contingent Consideration Related to Acquisition of Hotel Property

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Operating Expenses

474,790

483,590

481,781

470,440

455,077

442,363

440,391

446,915

450,813

448,668

430,096

412,433

398,859

401,107

403,633

404,378

401,656

387,992

380,264

375,233

364,242

349,497

335,349

317,114

304,381

293,723

262,592

251,882

253,404

254,957

227,584

225,164

212,715

199,999

236,028

233,321

0

0

0

Operating Loss

30,514

46,370

49,216

53,438

55,140

52,700

43,610

38,799

39,065

49,569

56,924

65,605

68,898

65,522

74,695

77,858

79,887

82,393

79,919

73,412

68,926

67,909

61,081

56,670

48,389

44,690

44,579

44,573

47,867

46,258

35,959

39,560

35,471

32,914

42,969

40,620

0

0

0

Interest Income

206

253

253

210

172

114

102

119

171

271

380

435

441

362

268

218

191

193

203

229

455

805

1,155

1,534

1,726

1,784

1,827

1,784

1,661

1,311

952

689

460

456

375

247

0

0

0

Interest Expense

52,314

52,205

51,991

51,463

50,017

48,491

46,740

45,474

44,185

42,662

42,005

41,289

41,980

44,352

45,094

45,736

45,143

43,557

43,498

43,887

43,944

43,357

42,891

42,146

41,568

40,935

37,052

35,728

36,003

38,070

35,022

35,780

35,501

33,447

40,024

41,220

0

0

0

Other (Expense) Income

-697

-584

-486

-252

-203

-901

-719

-825

-1,029

-771

-876

-883

-1,237

-961

-914

-798

-321

-367

-61

-398

-456

-485

-870

0

0

-

0

-

-

-43

-710

-968

-964

-1,011

-943

-729

0

0

0

Gain (Loss) on Disposition of Assets

-

-

745

745

-

4,148

4,209

4,170

75,036

90,350

89,107

184,422

0

-

0

0

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease Buyout

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on Hotel Acquisitions, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Development Loan Recovery

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on Debt Extinguishment

-

-

-265

-34

-

-22

-26

-338

-338

-590

-697

-370

-1,419

-1,187

-1,400

-1,637

0

-

0

0

-

-670

-644

-644

-928

-545

-3,485

-3,488

-3,444

-3,189

-296

-314

-108

-102

-55

-35

0

0

0

Loss Before Results from Unconsolidated Joint Venture Investments and Income Taxes

-22,571

-6,446

-2,528

2,644

5,823

7,548

410

-3,281

68,988

96,435

107,733

116,813

142,442

118,392

122,703

125,388

34,011

38,101

35,017

28,134

67,311

66,558

61,272

58,219

19,415

16,988

18,386

19,728

10,274

6,267

883

3,187

-642

-1,190

2,322

-1,117

0

0

0

(Loss) Income from Unconsolidated Joint Ventures

-508

691

684

1,228

1,466

1,084

1,081

1,038

1,212

-2,473

-2,049

-6,305

-5,495

-1,823

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-232

1,203

1,073

461

210

-1,315

-1,553

0

0

0

Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net

-

-

-

-

-

-

-

-

-

16,240

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

0

0

Impairment of Investment in Unconsolidated Joint Venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

0

-

Income from Unconsolidated Joint Venture Investments

-

-

-

-

-

-

-

-

-

13,767

14,190

9,934

10,744

-1,823

-2,305

2,020

1,025

965

947

946

839

693

-1,208

-1,588

-1,859

-1,835

-1,452

-1,489

0

-

0

0

-

-

0

0

-

0

0

Loss Before Income Taxes

-23,079

-5,755

-1,844

3,872

7,289

8,632

1,492

-2,242

70,201

110,202

121,923

126,747

153,186

116,569

124,004

136,759

0

-

0

0

-

67,251

60,064

56,631

17,556

15,153

18,212

17,896

8,484

4,143

0

0

0

-

-

-

-

-

-

Income Tax Benefit

858

92

-2,717

519

-2,342

267

4,882

872

364

5,262

137

-1,608

0

-

0

0

-

-

0

0

-

-2,685

-4,340

-6,016

-4,578

-5,600

0

0

0

-

-

-

0

-

-

-

-

-

-

Income from Continuing Operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

38,583

31,767

70,727

69,936

64,404

62,647

22,134

20,753

23,633

20,942

12,969

7,498

194

2,359

899

100

2,087

2,277

0

0

0

Loss on Disposition of Discontinued Assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-128

-56

1,113

0

-

0

0

-

11,231

11,416

12,442

5,493

991

1,188

0

0

0

-

Impairment of Discontinued Assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,800

8,391

12,114

0

-

0

0

-

-

-

-

-

-

0

-

-

0

-

Income from Discontinued Operations, Net of Income Taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

263

3,028

6,115

8,832

7,388

5,243

5,110

2,758

3,489

4,365

3,024

3,392

2,189

1,001

0

0

0

-

Loss from Discontinued Operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,665

32,272

28,883

28,977

29,195

-4,076

2,210

9,487

14,720

15,781

-14,782

-21,363

-27,068

-28,059

-38

0

0

0

Net Loss

-23,937

-5,847

873

3,353

9,631

8,365

-3,390

-3,114

69,837

104,940

120,718

125,660

155,831

121,457

127,312

133,510

38,177

42,207

38,251

31,435

70,395

68,271

96,900

91,612

51,111

49,948

19,557

23,152

22,456

22,218

15,975

-12,423

-20,464

-26,968

-25,972

2,239

0

0

0

(Income) Loss Allocated to Noncontrolling Interests

-

-

-

-

-

-

-

-

-

-

-

-

6,345

-

4,477

4,510

167

411

123

-170

1,080

1,016

2,061

1,946

501

335

-561

-676

-90

-158

-390

-1,111

-1,448

-1,734

-1,305

846

0

0

0

Preferred Distributions

24,174

24,174

24,174

24,174

24,174

24,174

24,176

24,172

24,171

24,169

23,498

21,875

19,833

17,380

15,595

14,767

14,356

14,356

14,356

14,356

14,356

14,356

14,356

14,356

14,356

14,611

14,522

14,433

14,344

14,000

14,000

14,000

12,799

10,499

8,199

5,899

0

0

0

Extinguishment of Issuance Costs Upon Redemption of Preferred Shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

2,250

0

0

0

-

-

-

-

-

-

-

-

-

-

Issuance Costs of Redeemed Preferred Stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

Net Loss Applicable to Common Shareholders

-43,959

-27,843

-22,236

-20,036

-13,099

-14,184

-25,163

-24,615

42,879

75,699

91,166

97,430

125,632

95,579

103,219

110,212

23,654

27,440

23,772

17,249

54,959

52,899

80,483

75,310

36,254

32,752

3,346

7,145

5,952

8,376

2,365

-25,312

-31,815

-35,733

-32,866

-4,506

0

0

0

Earnings Per Share:
BASIC
Loss from Continuing Operations Applicable to Common Shareholders (in dollars per share)

-0.76

-0.23

-0.15

-0.02

-0.34

-0.09

-0.09

0.16

-0.36

-

-0.07

1.77

0.45

0.04

0.08

2.35

-0.26

-

-

-

-

-0.03

0.08

1.07

-0.04

0.05

0.01

0.07

-0.06

0.03

0.00

0.03

-0.09

-0.03

0.01

0.04

-0.08

0.00

0.02

(Loss) Income from Discontinued Operations Applicable to Common Shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.02

0.00

0.00

-0.01

0.60

-0.02

0.00

-0.01

-0.01

0.01

0.04

0.03

0.02

-0.16

0.00

-0.01

0.00

0.00

Net Income Applicable to Common Shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.22

0.32

-0.15

-0.05

0.08

1.07

-0.05

0.65

-0.01

0.07

-0.07

0.02

0.01

0.07

-0.06

-0.01

-0.15

0.04

-0.09

0.00

0.02

DILUTED
Loss from Continuing Operations Applicable to Common Shareholders (in dollars per share)

-0.76

-0.23

-0.15

-0.02

-0.34

-0.09

-0.09

0.16

-0.36

-

-0.07

1.75

0.44

0.03

0.08

2.33

-0.26

-

-

-

-

-0.03

0.08

1.06

-0.04

0.05

0.01

0.07

-0.06

0.03

0.00

0.03

-0.09

-0.03

0.01

0.04

-0.08

0.00

0.02

(Loss) Income from Discontinued Operations Applicable to Common Shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.02

0.00

0.00

-0.01

0.59

-0.02

0.00

-0.01

-0.01

0.01

0.04

0.03

0.02

-0.16

0.00

-0.01

0.00

0.00

Net Income Applicable to Common Shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.22

0.32

-0.15

-0.05

0.08

1.06

-0.05

0.64

-0.01

0.07

-0.07

0.02

0.01

0.07

-0.06

-0.01

-0.15

0.04

-0.09

0.00

0.02

Weighted Average Common Shares Outstanding:
Basic (in shares)

38,564

38,509

38,878

39,127

39,115

39,330

39,321

39,246

39,636

-

41,721

41,737

41,716

41,712

42,309

43,427

44,379

45,616

47,417

48,530

49,582

-100,907

49,649

49,623

200,743

-396,150

198,878

198,633

197,029

196,608

196,360

186,264

170,427

169,020

168,985

168,672

168,334

138,636

137,200

Diluted (in shares)

38,564

38,509

38,878

39,127

39,115

38,651

39,321

39,926

39,636

-

41,721

42,207

42,110

43,134

42,745

43,863

44,379

46,942

47,909

49,043

49,582

-99,722

50,155

50,053

200,743

-397,956

201,644

201,201

197,029

193,861

196,360

189,011

170,427

160,725

172,266

173,687

168,334

138,636

140,284

Room
Hotel Operating Revenues:

404,296

424,698

424,783

419,832

410,344

397,907

390,722

394,459

399,428

411,149

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Hotel Operating Expenses

90,490

93,488

92,850

92,465

91,397

88,663

87,756

87,964

88,768

90,716

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Food and Beverage
Food and Beverage [Member]
Hotel Operating Revenues

61,226

65,379

66,730

66,488

65,236

64,546

64,137

63,284

61,293

58,491

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Hotel Operating Expenses

50,609

52,820

53,892

53,762

53,103

52,122

51,641

51,675

50,200

47,906

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Operating
Hotel Operating Revenues:

39,441

39,591

38,234

36,237

33,226

31,225

28,809

27,706

27,982

27,500

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Hotel Operating Expenses

166,745

171,128

170,173

166,902

162,678

158,064

154,683

155,063

155,597

156,428

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncontrolling Interests Common Units And LTIP Units
Net Loss

-4,200

-2,366

-1,794

-1,424

-875

-916

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Income) Loss Allocated to Noncontrolling Interests

-4,200

-2,366

-1,794

-1,424

-875

-916

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Consolidated Joint Ventures
Net Loss

-

-300

-2,408

-3,608

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Income) Loss Allocated to Noncontrolling Interests

48

188

729

639

-569

-709

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncontrolling Interests Common Units And LTIP Units [Member]
Loss (Income) Allocated to Noncontrolling Interests - Common Units

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Joint Venture Partner [Member]
Loss (Income) Allocated to Noncontrolling Interests - Common Units

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-